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Question 16 Chapter 3-Analyzing Accounting Information 1 pts At the beginning of 2020, Acatela Wholesale Corp. had inventory of $350,000. It ended the year
Question 16 Chapter 3-Analyzing Accounting Information 1 pts At the beginning of 2020, Acatela Wholesale Corp. had inventory of $350,000. It ended the year with inventory of $70,000 after purchasing $220,000 worth of inventory during the year. The cost of sales totalled $500,000. Calculate the inventory turnover ratio. 4.76 2.38 1.83 271
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Core Concepts of Government and Not For Profit Accounting
Authors: Michael H. Granof, Penelope S. Wardlow
2nd edition
471737925, 978-0-470-4605, 978-0471737926
